The review process
To navigate the complexities of sustainability across various industries, the Positive Luxury brand assessment consists of a suite of questions relevant to all industries, plus additional questions catering specifically to each sector that we operate in. In addition, companies are required to provide supporting documents such as codes of conduct and audits.
We use technology to help with our evaluation. We are able to check self-reported information and that third-party certification bodies are accounted for and quality checked through Positive Luxury’s data analytics. Lastly, we use a materiality assessment to identify priority sustainability issues. This materiality matrix has been reviewed and refined through a series of interviews with a cross-section of external and internal stakeholders.
Our assessment process is, in turn, reviewed every two years with assistance from our sustainability council. This consultative approach ensures that the assessment reflects the highest standard possible by respecting local and international law, as well as both industry-specific issues and innovations within sustainability.
As highlighted in our 2019 Predictions Report, consumers are looking for brands that strive to fulfil a long-term purpose that benefits employees, customers, society and the planet, and their shareholders. Our assessment looks to assess how companies align to the wider stakeholder view and are acting responsibly to industry-specific issues and considerations.
